- Trending
- Comments
- Latest
Telegram wallet has announced the rollout of Telegram tokenized stock ETFs in partnership with Kraken and xStocks operator Backed. The initiative will introduce 60 tokenized versions of US equities, including high-profile names such as MicroStrategy (MSTR) and Nvidia (NVDA).
“The rollout will start in a limited number of markets as we carefully test adoption and user experience,” — Wallet in Telegram spokesperson, in a statement to Cointelegraph.
Initially available through the custodial Wallet in Telegram app, the offering will later expand to the self-custodial TON Wallet in Q4 2025. This move represents a significant step in bridging traditional finance with blockchain-based platforms for retail and institutional users.
The new service will appear under a dedicated “Stocks and ETFs” section within the app beginning in October. At launch, users will have access to 35 tokenized stocks, including Circle (CRCLX), Coinbase (COINX), Robinhood (HOODX), and TON Strategy (TONx).
According to the company, the portfolio will grow to more than 60 tokenized assets by the end of 2025. These Telegram tokenized stock ETFs will be fully collateralized, backed 1:1 by the underlying securities.
“The list of assets will expand to over 60 by the end of 2025, featuring only tokenized US stocks and ETFs, exchange-traded funds — each fully collateralized 1:1 with the underlying asset,” — Wallet in Telegram spokesperson.
The company clarified that Bitcoin ETFs will not be part of the product lineup, though Bitcoin remains available for purchase through its existing custodial crypto wallet.
Focus on emerging marketsConsistent with Backed’s emphasis on developing economies, the launch of Telegram tokenized stock ETFs will prioritize emerging markets in its first rollout phase.
Wallet in Telegram has yet to specify which countries will be included in this wave. Previous xStocks integrations, such as those by Alchemy Pay, have excluded the US and sanctioned jurisdictions but extended services to more than 170 countries.
“From a regulatory perspective, xStocks are fully collateralized 1:1 and issued under a compliant prospectus with detailed investor disclosures,” — Wallet in Telegram spokesperson.
The company emphasized that this regulatory transparency sets its offerings apart from other tokenized equity products. By targeting underserved markets, the platform aims to increase access to global equities while maintaining compliance with local and international frameworks.
At the Token2024 conference in Singapore, Wallet in Telegram’s Chief Operating Officer Halil Mirakhmed highlighted the compliance-driven structure of Telegram tokenized stock ETFs. The firm reiterated that investor protection through disclosure and collateralization remains a central priority.
“This transparency and compliance set xStocks apart from other tokenized equity offerings,” — Wallet in Telegram spokesperson.
Industry analysts note that while tokenized equities are not new, the integration within Telegram—already a platform with hundreds of millions of global users—could dramatically accelerate adoption. The mix of social interaction and trading functionality may appeal to investors seeking convenient exposure to US equities from emerging markets.
The announcement comes shortly after Telegram’s founder and CEO Pavel Durov publicly disclosed that Bitcoin has been a significant source of his personal income since 2013. In an interview with research scientist Lex Fridman, Durov said:
“I was a big believer in Bitcoin since more or less the start of it. I got to buy my first few thousand Bitcoin in 2013, and I didn’t care much.” — Pavel Durov, CEO, Telegram.
His comments underscore Telegram’s longstanding association with crypto, which now extends into tokenized equities via Telegram tokenized stock ETFs.
The introduction of Telegram tokenized stock ETFs marks a strategic expansion of crypto-based financial products, offering emerging markets new avenues to access US equities. For investors, the promise of fully collateralized, compliant, and transparent offerings may signal a more stable and regulated era for tokenized securities.
While questions remain around jurisdictional access and regulatory approvals, the partnership among Wallet in Telegram, Kraken, and Backed represents one of the most ambitious efforts yet to merge traditional equity markets with blockchain ecosystems.
